Bitcoin continues to hold steady above $23,000, while Altcoins see gains too.

The world’s crypto market increased by 2.73 percent over the past 24 hours

Bitcoin was able to maintain its momentum over $23,000 (roughly around Rs. 18.4 lakh) over the weekend following an impressive performance in the last two weeks. The price of Bitcoin saw an 1.77 percent increase over the past 24 hours, and is now close that the $23,500 (roughly 187,000) mark. 18.7 lakh) mark across all exchanges as Indian trading platform CoinSwitch Kuber values BTC at $24,317 (roughly 19.34 lakh rupees). 19.34 lakh), 0.41 percent lower over the last 24 hours. On international exchanges such as CoinMarketCap, Coinbase, and Binance the value of Bitcoin is currently $23,341 (roughly the equivalent of. 18.57 lakh) however CoinGecko information indicates that the value of Bitcoin is at the exact level it was on Monday.

Ether has also performed quite well over the past weekend. As of this writing, Ether is valued at $1,784 (roughly around Rs. 1.42 lakh) on CoinSwitch Kuber and the exchanges around the world have Ether’s value as $1,712 (roughly 1.36 lakh rupees). 1.36 lakh) The cryptocurrency has increased by 2.11 percent in the past 24 hours.

The positive performance of Ether this weekend saw the value of the cryptocurrency shift green by around 2.5 per cent in comparison to the value it had on Monday, according to CoinGecko information.

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News Exposer’s price tracker for cryptocurrency provides evidence that major altcoins remained steady during the weekend, with a strong performance over the past 24 hours, as the world’s crypto market was able to witness an increase of 2.73 percent increase between the weekend and into Monday.

The overall market has received an increase in confidence due to recent initiatives of major institutional investors. The asset manager Brevan Howard has completed the biggest cryptocurrency hedge fund launch in history and had over $1billion (roughly 7961 crore rupees). 7961.1 crore) in assets under management. BlackRock entered into a partnership agreement with cryptocurrency trading platform Coinbase to make cryptocurrency accessible institutions who invest.

” Block, an fintech firm founded by Jack Dorsey, faced a 6.5 percent drop on its shares during the post-hours market because of its latest financial results. The company’s revenues in Q2 related to Bitcoin were 1.79 billion, which is 34 percent lower than the previous quarter’s profits (Q2 2021). The gross profit was $41 million (roughly 326 crore, or Rs. 326 crore) which is just 2 per cent from Bitcoin revenue. In the shareholder’s Letter, Block says there’s been decreasing consumer demand of Bitcoin over the last few months. Since October of 2020 the company has invested nearly $500 million (roughly 398 crore rupees). 3981 million) to Bitcoin (approximately 807 Bitcoins) because of its future potential. However, the current volatility of the crypto market has forced Block to reconsider its investment strategies,” is Edul Patel, CEO and co-founder of crypto investment company Mudrex talking to

Uniswap, Solana, Polkadot, Cardano, Cosmos, Avalanche and BNB experienced minor gains, as did TRON and Litecoin all experienced slight dips in value within the last 24 hours.

Memecoins Shiba Inu as well as Dogecoin were also part of the altcoin mix , with a few dips to prove it. Dogecoin today is worth $0.07 (roughly 5.84 rupees). 5.84) after having gained 1.07 percent in the past 24 hours. Meanwhile, Shiba Inu is worth $0.000012 (roughly approximately Rs. 0.00095) which is up 1.28 percent in the last day.

The overall market has received an increase in confidence due to recent initiatives that involve major institutional investors. The asset manager Brevan Howard has completed the biggest cryptocurrency hedge fund launch in history and had greater than $1 billion (roughly 7961 crore rupees). 7961 crore) in funds under management. BlackRock has formed a partnership with cryptocurrency trading platform Coinbase to make cryptocurrency directly accessible institutions who invest.

” Block, an fintech firm founded by Jack Dorsey, faced a 6.5 percent drop on its shares during the trading after hours due to its most recent financial results. The company’s revenues in Q2 related to Bitcoin was 1.79 billion, which was 34 percent less than its previous quarter’s earnings (Q2 2021). Additionally, the profits are $41 million (roughly the equivalent of Rs. 326 crore) that’s just 2 per cent from Bitcoin revenue. In the shareholder’s Letter, Block says there’s been less demand from consumers of Bitcoin lately. Since October of 2020 the company has invested nearly $500 million (roughly the equivalent of. 3981 million) to Bitcoin (approximately 8.027 bitcoins) because of its long-term potential. However, the current fluctuations in the cryptocurrency market has forced Block to reconsider its investment strategies,” states Edul Patel, CEO and co-founder of crypto investment company Mudrex talking to News Exposer.

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